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New York +1555225314

The USD is strengthening due to strong statistics on the US labor market and gold is falling down as a result of this growth.
The support rests at 1309.26 with resistance at 1319.16 which both lines are below the weekly pivot point at 1341.23. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
Short positions are recommended towards 1300.

gold

gold

Source: fxglory

0

Japan has released the Economy Watchers Sentiment, 30-y Bond Auction, Current Account and Bank Lending y/y data and the US will publish 30-y Bond Auction, Natural Gas Storage and Unemployment Claims.
The support rests at 109.100 with resistance at 109.960 which the weekly pivot point at 109.680 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
It seems that USDJPY has started its correction pattern towards 61.8 level of Fibonacci targeting 111 area.

usdjpy

usdjpy

Source: fxglory

0

While the US is publishing strong economic data, EUR is still under pressure due to the employment reports last Friday.
The support rests at 1.22380 with resistance at 1.23040 which both lines are below the weekly pivot point at 1.24360. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving horizontally in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Short positions are recommended towards 1.215.

eurusd

eurusd

Source: fxglory

0

Canada will release Building Permits MoM and the US will publish Fed Williams Speech and EIA Crude Oil Stocks Change.
The pair is finding support at 1.24900 with resistance at 1.25380 which both lines are above the weekly pivot point at 1.23680. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the MACD indicator is in positive territory and the Stochastic is showing upward momentum. The ADX is showing buy signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1.26.

usdcad

usdcad

Source: fxglory

0

There are no major economic reports in the US or the UK and traders are waiting for the BOE rate announcement tomorrow.
The support rests at 1.39430 with resistance at 1.40200 which both lines are below the weekly pivot point at 1.41240. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 100 and above the EMA of 200. The RSI is moving below the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is not showing buy signal.
GBPUSD will grow towards the upper Bollinger band targeting 1.425.

gbpusd

gbpusd

Source: fxglory

0

EUR is moving up and down and this is not because of any economic reports.
The support rests at 1.23710 with resistance at 1.24120 which both lines are below the weekly pivot point at 1.24360. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in the negative territory. The ADX is showing weak buy signal.
Long positions are recommended towards 1.25.

eurusd

eurusd

Source: fxglory

0

The quiet trading session on Monday weakened NZD and today New Zealand is publishing Global Dairy Trade Price Index and the US will release Balance of Trade.
The support rests in 0.72390 with resistance at 0.73150 which both lines are below the weekly pivot point at 0.73320. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 but above the EMA of 200. The RSI is falling towards the oversold area, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The ADX is showing buy signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.718.

nzdusd

nzdusd

Source: fxglory

0

Japan is not releasing any economic data but the US will publish Loan Officer Survey, Mortgage Delinquencies, ISM Non-Manufacturing PMI, and Final Services PMI.
The support rests at 108.240 with resistance at 109.280 which both lines are below the weekly pivot point at 109.680 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals.
Indicators are all showing mixed signals however, it seems that USDJPY has started its correction pattern, therefore buyers can target 110.5.

usdjpy

usdjpy

Source: fxglory

0

While there were no major economic reports yesterday, the stock market left massive impact on EURUSD and pushed it down.
The support rests at 1.23290 with resistance at 1.24130 which both lines are below the weekly pivot point at 1.24360. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is moving in low ranges and the MACD indicator is in the negative territory. The ADX is not showing any clear signals.
The resistance level breakout will smooth the way for further growth towards 1.25, otherwise it will drop to 1.21.

eurusd

eurusd

Source: fxglory

0

Australia has released TD-MI Inflation Gauge MoM and ANZ Job Advertisements MoM and the US will publish ISM Non-Manufacturing PMI.
The support rests at 0.79080 with resistance at 0.79520 which both lines are below the weekly pivot point at 0.79840. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and below the EMA of 100. The RSI is moving in the oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.7892.

audusd

audusd

Source: fxglory

0

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